APR Calculator

Details
Loan Amount 50000
Tenor 24
Rate 15.75%
Processing Fee 1%
Other Charges 100
APR 16.99%

Notes on How to Use Calculator

1. Annual Percentage Rate depends on various factors like interest rate,

processing fee, other charges etc. The APR calculator is provided for customer
convenience to compare the annual cost of credit.
2. APR calculator is provided to compute annualized credit cost which includes
interest rate and charges, applicable at the time of loan origination.
3. APR calculator generally does not include charges like stamp duty, prepayment
charges, CERSAI charges etc. But, if required, they can be added in other charges
field.
4. To calculate APR, please provide input for Loan Amount in INR, Tenure in
months, ROI (in reducing rate without % symbol), processing fee of your loan and
other charges.
5. Basis the five fields calculator will show the APR in output field.
6. The output values mentioned in the APR calculator are based on the input
provided in the respective fields, as indicated in the calculator. You are requested to
use the calculator without making any changes to the calculator to achieve desired
output. Ujjivan Small Finance Bank Limited shall not be responsible for any output
produced due to changes in the calculator or incorrect input field.